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U.S. Bank is One of the Best Banks in America According to Money Magazine

MINNEAPOLIS--(BUSINESS WIRE)--Sep. 27, 2012-- Money magazine has named U.S. Bank the best national bank in America for its basic checking and savings, student checking and senior checking accounts. The “Best Banks in America” story is in the October 2012 issue of Money.

Money credited U.S. Bank’s broad retail banking network – fourth-largest in the country – combined with how easy it is for U.S. Bank customers to waive the monthly maintenance fee. The magazine also credited U.S. Bank for offering advanced features such as the ability for customers to deposit a check from their mobile phone or tablet.

U.S. Bank also topped Money’s charts for student and senior checking. The magazine noted that student checking accounts have no monthly maintenance fees, robust mobile banking and a large ATM network, which they weighted heavier for the student category because students rely heavily on the ATM. U.S. Bank’s senior checking earned top honors because seniors have U.S. Bank’s Premium checking account with no monthly maintenance fees, no fees for using another bank’s ATM, and free money orders, free cashier’s checks and a discount on safe deposit boxes.

“Our goal has always been to give customers the best service, value and convenience of any other bank in the country,” said Rick Hartnack, vice chairman for consumer and small business banking at U.S. Bank. “We continuously review our consumer products and services, and this recognition from Money magazine is another sign that we are delivering what our customers want from their bank.”

This is the second year in a row that U.S. Bank earned top honors from Money for its basic checking account.

About U.S. Bank
U.S. Bancorp (NYSE: USB), with $353 billion in assets as of June 30, 2012, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The company operates 3,080 banking offices in 25 states and 5,085 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp and its employees are dedicated to improving the communities they serve, for which the company earned the 2011 Spirit of America Award, the highest honor bestowed on a company by United Way. Visit U.S. Bancorp on the web at www.usbank.com.

Source: U.S. Bank

U.S. Bank
Teri Charest, U.S. Bank Media Relations, 612-303-0732

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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